Hongxin New Energy Technology (Yunnan) Co., Ltd. announced that it will receive CNY 430 million in a equity round of funding on April 21, 2024. The transaction will include participation from returning investors Changsha Hongxin No.1 Enterprise Management Partnership for CNY 30 million, and Hunan Huamin Holdings Co., Ltd. for CNY 400 million. The company will increase the capital at a price of CNY 1 per registered capital.

Post-completion, the registered capital of the company will be CNY 580 million. This has been approved in the 8th meeting of the 5th board of directors and the 8th meeting of the 5th board of supervisors of Hunan Huamin Holdings Co., Ltd.